VF Corp Beats Q1 Guidance, Raises FY27 Revenue Outlook; CFO Transition Announced
VFC sits 58% above its 52-week low of $11.105.
Summary
VF Corp delivered Q1'27 results ahead of its own guidance, with revenue ex-Dickies flat in constant currency versus a forecast of down low-single digits. The North Face grew 6%, Timberland 4%, while Vans declined 8% as wholesale weakness offset DTC gains. Adjusted operating loss of $95M was better than the guided $100M loss, and the quarterly loss narrowed. Management raised full-year revenue guidance to +2% or better constant currency, up from +1-2%, citing improved visibility. A CFO transition was also announced: Paul Vogel departs, and Abhishek Dalmia steps into an expanded CFO/COO role. The board declared a $0.09 quarterly dividend.
Updates
· Dow Jones Newswires — Q1 adjusted loss was 27 cents per share, wider than the 22-cent consensus, on revenue of $1.67B. Vans global wholesale declines offset DTC growth; shares fell 6.8% premarket.
At the time of this announcement, VFC was trading at $17.59 on NYSE in the Trade & Services sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $11.11 to $22.27. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.